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Debdulal Mallick
Debdulal Mallick is an Associate Professor of Economics at Deakin University, Australia. He studied at the University of Dhaka, Delhi School of Economics and got his Ph.D. in Economics from Emory University. His main areas of research are macroeconomics and development economics.
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Terms of trade shocks and monetary policy in India
Understanding monetary policy design in emerging markets and developing economies is a growing area of research. One aspect that is missing is how distortions in the agricultural sector translate into output and inflation dynamics, and the implications this has for setting monetary policy.
Are grain procurement shocks inflationary?
Central banks in emerging markets grapple with understanding the inflationary impact of grain procurement shocks because the precise link between the agriculture sector and the rest of the economy may not be well understood. This column presents a framework to understand how the government’s grain procurement policy in India can be inflationary, and what the appropriate monetary policy response should be.